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Show Me How LIFO The beginning Inventory at Dunne Co. and data on purchases and sales for a three-month perlod are as follows Number Date
Show Me How LIFO The beginning Inventory at Dunne Co. and data on purchases and sales for a three-month perlod are as follows Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 72 $300 $21,600 51,840 96,000 60,000 48,000 72,000 36,000 52,800 75,600 96 1,050100,800 480 103,680 108 1,0s0 113,400 8 Purchase 11 Sale 30 Sale 144 360 96 1,000 60 1,000 400 72 1,000 36 1,000 440 72 1,050 May 8 Purchase 120 10 Sale 19 Sale 28 Purchase 120 June 5 Sale 16 Sale 21 Purchase 28 Sale 216 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Dunne Co. Check Hy Work Total Cost Qua 28 une 30
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